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Calendar Year

1999 in US Banking

1,347 bank events are on record for 1999: 8 failures, 1,063 mergers or acquisitions involving a bank, credit union or bank holding company, and 276 enforcement actions.

8
Failures
$1.59B in failed assets
1,063
Mergers
Federal Reserve NIC, banking organizations
276
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 1999 · Bank mergers 1999

How many banks failed in 1999?

8 banks failed in 1999, with $1.59B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Dec 10, 1999 Golden City Commercial Bank New York, NY $87.2M Cathay Bank
Nov 22, 1999 Pacific Thrift and Loan Co Woodland Hills, CA $127.3M Affinity Bank
Sep 10, 1999 Peoples NB of Commerce Miami, FL $36.8M Boston Bank of Commerce
Sep 1, 1999 First NB of Keystone Keystone, WV $1.12B Ameribank, Incorporated
Jul 9, 1999 East Texas NB of Marshall Marshall, TX $121.6M Fredonia State Bank
Jul 9, 1999 Oceanmark Bank, a FSB North Miami Beach, FL $69.0M Third FS&LA of Florida
Apr 23, 1999 Zia New Mexico Bank Tucumcari, NM $17.3M First National Bank of New
Mar 26, 1999 Victory State Bank Columbia, SC $13.2M South Carolina Community Ba

Which banks merged in 1999?

1,063 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1999.

See the fuller list: Bank mergers 1999 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Aug 6, 1999 Sierra Bank NM State National Bank
Aug 5, 1999 Citizens Bank of Missouri MO BC National Banks
Aug 3, 1999 Delta Bancshares, Inc. AR Delta Bancshares of Louisiana, Inc.
Aug 3, 1999 First Financial Corporation TN National Commerce Financial Corporation
Aug 2, 1999 Arw Federal Credit Union TX Southwest Financial Federal Credit Union
Aug 2, 1999 American States Employees Federal Credit Union IN Indiana Members Credit Union
Aug 1, 1999 Nope Federal Credit Union LA Navy Federal Credit Union
Aug 1, 1999 Carpenters 1498 Federal Credit Union UT Pacific Horizon Credit Union
Aug 1, 1999 Broad National Bank NJ Independence Community Bank
Aug 1, 1999 FSC Federal Credit Union CA Premierone Credit Union
Aug 1, 1999 Sunshine Employees Federal Credit Union NJ Raritan Bay Federal Credit Union
Aug 1, 1999 York Tracktown Employees Credit Union PA First Capital Federal Credit Union
Aug 1, 1999 Memphis Buckeye Federal Credit Union TN Southern Security Federal Credit Union
Aug 1, 1999 New Jersey-Metro Federal Credit Union NJ North Jersey Federal Credit Union
Aug 1, 1999 Stroh Brewery Federal Credit Union NC Truliant Federal Credit Union
Aug 1, 1999 Broad National Bancorporation NJ Independence Community Bank Corp
Aug 1, 1999 Prime Bancorp, Inc. PA First Valley Corporation
Jul 31, 1999 Paysaver Credit Union IL Credit Union 1
Jul 31, 1999 Firstbancorporation, Inc. SC SouthState Bank Corporation
Jul 31, 1999 San Francisco Postal Credit Union CA F3 Credit Union
Jul 31, 1999 FirstBank of the Midlands, National Association SC FirstBank, National Association
Jul 31, 1999 Mannor Slacks Federal Credit Union AL All in Federal Credit Union
Jul 31, 1999 UMB Bank, Northwest MO UMB Bank, N.A.
Jul 31, 1999 Chevron Employees Federal Credit Union AZ Chevron Federal Credit Union
Jul 30, 1999 Navigation Bank TX SouthTrust Bank
Jul 30, 1999 Delaware First Bank, F.S.B. DE R-G Crown Bank
Jul 30, 1999 Resolute Savings & Loan Association PA Chelten Hills Savings Bank
Jul 27, 1999 Dewey County Bancorporation, Inc. OK Consolidated Equity Corporation
Jul 27, 1999 Dewey County State Bank OK First American Bank
Jul 23, 1999 American Security Bank of Ville Platte LA Whitney Bank
Jul 23, 1999 (unnamed) — Bank of America, N.A.
Jul 23, 1999 Delmarva Fife Federal Credit Union DE Tidemark Federal Credit Union
Jul 22, 1999 The First National Bank of Carthage TX Farmers State Bank
Jul 17, 1999 Commerce Bank Corporation MD Truist Bank
Jul 17, 1999 First Virginia Bank - Commonwealth VA First Virginia Bank - Hampton Roads
Jul 17, 1999 Republic National Bank of Miami FL Union Planters Bank, National Association
Jul 17, 1999 Tysons National Bank VA Branch Banking and Trust Company of Virginia
Jul 17, 1999 Home Savings Bank of Siler City, SSB NC Capital Bank
Jul 17, 1999 Bank of Indianola NE Adams Bank & Trust
Jul 17, 1999 (unnamed) — Wachovia Bank, N.A.
Jul 17, 1999 First Federal Bank OH Sky Bank-Mid AM Region
Jul 17, 1999 The First National Bank of Clifton Forge VA Branch Banking and Trust Company of Virginia
Jul 17, 1999 First Community Bank of Saltville VA Branch Banking and Trust Company of Virginia
Jul 17, 1999 Bank of Carroll VA Branch Banking and Trust Company of Virginia
Jul 17, 1999 Bank of Ferrum VA Branch Banking and Trust Company of Virginia
Jul 17, 1999 Alvin State Bank TX Union Planters Bank, National Association
Jul 17, 1999 (unnamed) — Branch Banking and Trust Company of Virginia
Jul 17, 1999 Piedmont Trust Bank VA Branch Banking and Trust Company of Virginia
Jul 17, 1999 Indianola Agency, Inc. NE Adbanc, Inc.
Jul 17, 1999 The First Bank of Stuart VA Branch Banking and Trust Company of Virginia

The list holds 500 of the 1,063 mergers recorded for 1999.

Enforcement Actions in 1999

Action date Agency Institution Action
Dec 31, 1999 OCC Deposit Guaranty Corp. Prohibition/Removal Orders: Herrington, Donna K.
Dec 31, 1999 OCC SunTrust Bank, Central Florida, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Rethwisch, Curtis
Dec 30, 1999 OCC (individual) Prohibition/Removal Orders: Pilon, Teresa A.
Dec 30, 1999 OCC Bank of America, N.A. Civil Money Penalty (CMP): Pilon, Teresa A.
Dec 29, 1999 OCC First National Insurance of Estes Park, Inc. Formal Agreement: First National Bank of Estes Park
Dec 21, 1999 OCC Peoples National Bank of Commerce Civil Money Penalty (CMP): Binger, Roy
Dec 21, 1999 OCC Valley National Bank Prohibition/Removal Orders: Polk, John C.
Dec 21, 1999 OCC Modern Bank, N.A. Prohibition/Removal Orders: Troncoso, Maria A.
Dec 17, 1999 OCC Wachovia Bank and Trust Company, N.A. Prohibition/Removal Orders: Jackson, Ivy
Dec 17, 1999 OCC Wachovia Bank and Trust Company, N.A. C&D or PC&D Requiring Restitution: Jackson, Ivy
Dec 13, 1999 OCC_OTS Middlesboro Federal Bank, FSB Supervisory Agreement: Middlesboro Federal Bank
Dec 9, 1999 OCC (individual) Prohibition/Removal Orders: Blakemore, Teresa L.
Dec 9, 1999 OCC (individual) C&D or PC&D Requiring Restitution: Blakemore, Teresa L.
Dec 9, 1999 OCC (individual) Prohibition/Removal Orders: Burton, Eric A.
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Robert W. DeCook
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Thomas L. Gillespie
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Dwight L. Groves
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Gary L. Rozenboom
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Norman P. Zimmerman
Dec 1, 1999 OCC Patriot Bank, N.A. Prohibition/Removal Orders: Hawe, Kieran
Dec 1, 1999 OCC Patriot Bank, N.A. C&D or PC&D Requiring Restitution: Hawe, Kieran
Dec 1, 1999 OCC First National Bank of Newton Prohibition/Removal Orders: King, Elray
Dec 1, 1999 OCC First National Bank of Newton C&D or PC&D Requiring Restitution: King, Elray
Nov 30, 1999 FRB Arab American Bank Written Agreement: Arab American Bank, New York, NY
Nov 30, 1999 OCC Surety Bank, National Association Formal Agreement: Surety Bank, National Association
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ponder, Gene
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): White, Gaylon
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Cureton, Marvin
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): White, Gaylon
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Smith, Gerald E. M.
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Ponder, Gene
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Mauthe, Geraldine
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Jordan, James
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Hurley, Frances
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Smith, Gerald E. M.
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cureton, Marvin
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hurley, Frances
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Jordan, James
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mauthe, Geraldine
Nov 23, 1999 OCC Wachovia Bank and Trust Company, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Robinson, Janie
Nov 22, 1999 OCC_OTS Oak Tree Federal Savings Bank Civil Money Penalty: Joe W. Walser, Jr.
Nov 22, 1999 OCC_OTS Carnegie Savings Bank Supervisory Agreement: Carnegie Savings Bnk
Nov 22, 1999 OCC_OTS Carnegie Savings Bank Supervisory Agreement: Carnegie Savings Bank
Nov 22, 1999 OCC_OTS Oak Tree Federal Savings Bank Cease and Desist: Joe W. Walser, Jr
Nov 18, 1999 FRB Foxdale Bank Written Agreement: Foxdale Bank, South Elgin, IL
Nov 18, 1999 OCC Bremer Trust, N.A. Formal Agreement: Bremer Bank, National Association
Nov 17, 1999 OCC Western American National Bank C&D or PC&D Requiring Restitution: Bransford, Tom N.
Nov 17, 1999 OCC Western American National Bank Prohibition/Removal Orders: Bransford, Tom N.
Nov 17, 1999 OCC Western American National Bank Civil Money Penalty (CMP): Wheeler, Richard O.
Nov 17, 1999 OCC Western American National Bank Civil Money Penalty (CMP): Bransford, Tom N.

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Or jump to a category: Failures · Mergers · Enforcement · Assistance